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Monday, September 12, 2016

They appear to be telling us in very many articles about the budget of $43 pbl, so many in fact it can't be over looked in WS and Franks compilation.

The "Rider" HCL was said to be activated. This increase in the budget from $35.00 pbl to $43.00 has been approved and to note the remainder of the provisions of it are expected to be finished in November.

One article tells us the Supreme Auditor was in Amman with Keywords..I smell a new credit rating is coming on the Fat Lady is thin enough to drop her veil! imho

Walkingstick » September 12th, 2016

International Monetary suggested price of $ 43 oil in the budget deficit in 2017 and describes as "great"

10.9.2016

Counting the International Monetary Fund, said on Saturday that the size of the deficit in the budget for Iraq in 2017 and a large hard-covered, and while stressing the need to reduce it by half, I suggest the need to determine the sale price of oil at $ 43 a barrel, instead of the current price budget.

The governor of the central bank on the Keywords in an interview with (long-Presse) on the sidelines of the Iraqi delegation to the ongoing in Amman, the IMF mission, said that "discussions revolve around two axes foundations first concerns the periodic review of the Convention on the willingness of credit, and the actions taken by Iraq during the period that followed the agreement." .

He added Keywords "The second axis has focused on discussing budget for Iraq in 2017 and the study of its terms and size of expenditures and revenues and the deficit expected in," noting that "the Iraqi delegation For his part, presented a report on the actions taken during the last period, The Fund delegation point Iraq's commitment to implementing most of the provisions of the Convention , and with a limited items requiring completion in November of this year, a month ago. "

among Keywords that "the Fund found that the size of the deficit in the 2017 budget of 34 trillion dinars difficult to be covered, and should need to be reduced by more than half." represents a large deficit is He noted the central bank governor and the agency that "the bank's view sees this deficit carries great risks and there is a need to be reduced, especially if the proposed coverage of the resources in the budget bill is not possible and is readily available, which would disrupt the implementation of the general budget allocations and have distorted implementation and puts the Ministry of Finance in a difficult position." .

Keywords and continued that "the size of the deficit will increase the general government debt to very high levels, where domestic debt will be only on the government end of this year more than 40 trillion dinars," adding that "the government's borrowing and demand from the central bank to buy treasury transfers impact and will greatly affect the Central Bank foreign currency reserves, the fact that pumping Iraqi dinars without the presence of Maakablh of the dollar, which means generating demand for the dollar more than it received by the Central Bank of the currency from the Ministry of Finance. "

Keywords and pointed out that "the requirements of safeguarding Iraq's cash reserve call not to build the budget on the deficit exceeds the effective level of public debt service reserve," pointing out that "the Fund suggested that the price of oil source in the budget of 2017 about $ 43, based on the expectation of prices in the coming period of oil, as the fund proposed further reductions on costs and increase some of the revenue that is still being sought on them. " Link

Don961 » September 12th, 2016

it looks like CBI advisor Walid al-Abidi understands that " the fund ( IMF ) has the economic sources as supervisor of all countries in the world in terms of monetary policy and budgets to achieve the economic stability of nations " ...

And raising the budget estimate from $35 to $43 ... ain't no thang to worry about .... They have Iraq's back !! ... IMO

The International Monetary Fund is likely to occur stability of oil in Iraq

00:01:00 12.09.2016|(Voice of Iraq) - Erbil

favored the International Monetary Fund and the stability of the oil market in Iraq during the coming period , despite reservations about the central government's account barrel price set at $ 35 , under the draft 2017 budget , before it is agreed to increase it to $ 43 .

It was agreed Iraq and the International Monetary Fund at the expense of the price of a barrel of oil at $ 43 instead of the price of $35 proposed in the draft 2017 budget and card export up to three million and 600 thousand barrels per day, according to an earlier statement by the Iraqi Ministry of Finance .

the adviser to the CBI , Walid al-Abidi, in a press statement, said that " the IMF expressed its reservation on the expense of the price of a barrel of oil at $ 35 during the Iraqi government prepare for the draft 2017 budget ," he said , adding that " the fund has the economic sources as supervisor of all countries in the world in terms of monetary policy and budgets to achieve the economic stability of nations ." transfer Abedi weights Fund "positive for the stability of Iraq's oil and work in its facilities, as well as the continuation of the production of foreign companies operating in it ."

the Iraq's oil production is currently 4.7 million barrels a day, is exporting about 3.2 million barrels per day , Iraq relies on oil revenues to finance up to 95% of state spending , which is the second largest oil exporter in the Organization of "OPEC ". the deficit will continue in Iraq since the 2015 budget , which also recorded a deficit of about $ 25 billion, as a result of lower oil prices by more than 50% since 2014.

For his part, Undersecretary of the Iraqi Ministry of Finance Fadel Prophet said, in a statement, "The eidia include Rafidain Bank staff exclusively, and does not include all employees," adding that "some of the ministries gave employees a Christmas bonus from the budget of the Azaradtha own."

The Oil Ministry issued an order, regardless the amount of 150 thousand dinars to its employees, but the prime minister has canceled this reason attributed to the existence of a financial crisis in the country.

Twilight News / announced that the city of Zora games for the launch of the fireworks in the skies of the capital, Baghdad, on the occasion of Eid al-Adha on Monday evening for a period of four days.

She said the city administration responded in a statement to The Twilight News "Zora City Games will launch fireworks and dazzling attractive in the skies of Baghdad, under the supervision of specialists to celebrate Eid Al Adha for four consecutive days, accompanied by visual and sound effects from the start Monday night."

He added that "This initiative comes as part of the diversification of activities prepared by the City Games Zora to celebrate this joyous occasion and create an atmosphere filled with happiness and joy processLINK

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